ÁKK raises offer at three-month T-bill auction
The Government Debt Management Agency (ÁKK) raised its offer on strong demand at an auction of discount three-month T-bills, Hungarian news agency MTI reported today.
ÁKK sold HUF 50 bln of the bills, HUF 10 bln more than planned. Primary dealers submitted bids for HUF 82.2 bln of the papers.
Average yield was 1.36%, 2bp over the secondary market benchmark but 2bp lower than the yield at the previous auction of the bills one week earlier. Yields ranged between 1.33% and 1.38%.
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